Markets

At the end of last year, Italian 10-year yields were more than 200 bp on top of Spain. The spread has narrowed in recent days, but is still well beyond the euro era average of about 10 bp and the late 2008 extreme near 65 bp. There is more…

Welcome to Credit Writedowns Pro. This is the first post in a series here. Let me start this Byron Wien-style and make a predictions list. Wien defines his surprises as events to which investors assign 1-in-3 odds of happening but which he…

One of the key factors behind the poor sentiment toward the euro, which was pressed to new 13 month lows in Europe today, is the challenge posed by the sovereign and bank refunding needed this year, while rating downgrades loom around the…

Here's the skinny on how Jeffrey Gundlach sees the best tactical bond market approach for US-based investors

As always, I present you Byron Wien’s Ten Surprises for 2011. He is bullish yet again - on both the US and emerging markets.

The US dollar has come back bid today after yesterday's rather shallow correction. Euro sellers re-emerged as the single currency approached its 20-day moving average for the first time in a couple of weeks. Although the PMIs are a bit…

The Shanghai has turned down this evening after opening up and looks to continue the downtrend. That is one ugly chart. Meanwhile, the S&P500 looks like it really wants to resolve its wedge formation to the upside. After a year of head…

A visual representation of how stocks in the S&P 500 fared in 2011 with Green for gains and red for losses

A visual representation of how stocks in the S&P 500 fared in 2011 with Green for gains and red for losses

Wow! Who would of thunk it. The Dow the only major global equity index positive for the year. U.S. Treasuries up 15-20 percent, the dollar index (Dixe) positive; Brazil and Chinese equities down 20 percent and India down almost 25…